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Becoming a business

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edburdo



Joined:
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Location:
Bangor, Maine

Post Posted: Wed Nov 26, 2003 7:39 pm
      Post subject: Becoming a business

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A couple friends and I are thinking about joining forces and becoming a business. So I have a few questions for any of you who are knowledgable in this area.

One of the key things, is the fact that currently, three of us are US citizens, and one person is Canadian. In the future, I could easily see us have another two or three people from other countries join us.

We are planning on selling our own digital goods (ebooks and software) and doing affiliate marketing.

I have done some affiliate marketing already, but only by myself...

So, any help is greatly appreciated...
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Eric D. Burdo
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khushee



Joined:
30 Aug 2003

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Post Posted: Thu Nov 27, 2003 1:24 am
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Disclaimer: This posting is for informational purposes only. This information is not to be considered as legal advice and is not a substitute for legal advice. Please consult a lawyer prior to taking any action.

Eric,

Not sure what exactly you are looking for. But I found the following two sites very helpful

www.nolo.com
www.irs.gov

Yes the IRS has a lot of useful information on business entities and what legal implications they have, what you need, etc.

Also, visit the Secretary of State's website of the state in which you plan to register your business entity.

Hope this helps.
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khushee
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Debs



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Post Posted: Thu Nov 27, 2003 5:17 am
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From what I have heard, Nevada and Maryland are the two best states to form a corporation, if that is the entity you decide to create. Not just for costs, but also for structure and tax filing requirements. How that would affect non-citizens I don't know, but I do know James Martell (Canadian) created a Nevada corporation for his internet enterprises. He must know something Smile

Debs
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edburdo



Joined:
14 Jul 2003

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Location:
Bangor, Maine

Post Posted: Thu Nov 27, 2003 1:18 pm
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Thanks for the replies...

I think one of our potential founders is from Baltimore, so the Maryland thing might work out quite well...

And thanks for the www.nolo.com link... I haven't seen that one yet.

I will post some more information as I find it, in case others are looking...
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Eric D. Burdo
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